Freddie Mac announced today that for the first time in history the mortgage rate on a 30 year fixed mortgage loan has fallen below 4%, creating record low mortgage rates available for Palm Springs home buyers. The 30 year mortgage rate was 3.94% today. This benchmark 30 year rate is now available to US Citizens. See NYT Summary Box. Low rates on … [Read more...]
Palm Springs Status Report to Canadians Buying US Real Estate
Today I’m writing an update to my Status Report on October 17, 2010, when I blogged that the Canadian dollar had climbed until it was above parity to the US dollar. I emphasized the reasons then why it made good sense for Canadians to go ahead and invest in Palm Springs real estate. I’m still tracking the values, and the same reasons I gave almost … [Read more...]
The Lure of Palm Springs for Canadians
The buzz around our ReMax office this past week was all about an article which appeared in the Vancouver Sun on May 28, 2011 (and in the Edmonton Journal on the 28th as well). The article, appearing in a special section entitled "South of the Border", captured everyone’s attention because in part, it featured our own Dick Sakowicz, as … [Read more...]
Buying a Home in Palm Springs for Canadians
The Canadian Dollar made its comeback on Friday and closed at C$1.0111 per US Dollar. Don’t you hate when someone tells you I told you so? Well, I did!. In my blog of May 31, 2010, Canadian Dollar Founders But Watch for a Comeback, I suggested that the Loonie was going to reach parity again with the Greenback in a few months. As I mentioned in … [Read more...]
Canadians fly Allegiant Air to Palm Springs
If you are a Canadian living in Vancouver or elsewhere in B.C. and you love to come to Palm Springs, you may have already discovered that one airline, Allegiant Air, provides very inexpensive direct flights for you. If not, here's what you need to know. Driving south on Canadian Hwy 99, pick up the US I-5 at the border into Washington State which … [Read more...]
Canadian Dollar Climbs to Six Week High
A convergence of market signals are all pointing to this year’s becoming one of the best years ever for Canadians to buy property in Palm Springs. First and foremost, local real estate prices are presently at their lowest levels in years. Prices for single-family homes as well as condominiums in many Palm Springs area communities are still at … [Read more...]
